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Global Lecithin Market 2016 Industry Analysis & Forecast 2024
Global Lecithin Market: Overview
Lecithin is derived from various commercial sources such as sunflower, egg yolks, soybeans, and many others. It is used in numerous industrial applications, which includes cosmetic, food and beverage, and pharmaceutical. It possesses several unique characteristics such as repel the sticky material, smoothening textures of food, homogenizing mixtures in liquid, stabilizing agent, for dissolving powders, and emulsifier. Different types of lecithin available in the market are refined lecithin and unrefined lecithin. Refined lecithin is unified with alcohol, phospholipids, and others. Unrefined lecithin is natural lecithin which is obtained from natural sources. They are extracted from sunflower, soybeans, and others. However, chemically modified lecithin is generally modified through chemical treatments.
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Global Lecithin Market: Growth Factors
The major demand for lecithin is from the food manufacturing industry, as it is largely used as food additive and is used in various forms such as realizing agent, natural emulsifier, anti-spatter, and lubricant stabilizer. The pharmaceutical manufacturers also prefer lecithin for the treatments of cardiovascular diseases, liver and cholesterol effects, and neurological conditions. Owing to these factors it is anticipated that the market will open up new growth opportunities. Lecithin is also used as a dispersing agent in the pharmaceutical industry that assists in the encapsulation. It used in the various industrial applications such as emulsifier, release agent, spreading agent, anti-sludge additive, and many others. Rubber, plastic, paint, and textile are major industries where lecithin is used in the different industrial applications.
Global Lecithin Market: Segmentation
The global lecithin market is fragmented on the basis of application, form, types, and grade. The application segment of the market is divided into the pharmaceutical industry, industrial purpose, food and beverage, animal feed, and cosmetic. The food and beverage segment is further sub-segmented into dairy products, convenience foods, bakery & confectionery, meat & seafood, and beverages. On the basis of forms, the global lecithin market is classified into granule, powder, and liquid. The liquid lecithin is the dominating segment as it is widely utilized in the confectionery, bakery, and other industrial applications. The type segment is segregated into chemically modified lecithin, unrefined lecithin, and refined lecithin. Based on the grade the market is bifurcated into pharma grade, food grade, and feed grade. Of these, pharma grade contributes for the largest market share owing to its therapeutic, nutritional, and functional properties.
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Global Lecithin Market: Regional Analysis
North America is the major producer of the lecithin and holds the largest market share in the global lecithin market. In terms of consumption, North America and Europe are considered as the largest consumers in the world. Asia Pacific region is emerging as another major market for lecithin. Rising demand for non-GMO ingredients and availability of other alternatives is propelling the growth of the market. Other countries in the Asia-Pacific region such as China and India will witness a significant growth in the next few years.
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Global Lecithin Market: Competitive Players
The major market players that are involved in the global lecithin market include Cargill Incorporated, Archer Daniels Midland Company, Lucas Meyer GmbH., and Thew Arnott Group. Other influencing players include NOW Foods, DuPont, Sodrugestvo Group of Companies, Swanson Health Products, American Lecithin Company, Bunge Limited, and Lipoid GmbH.
Global Lecithin Market by Regional Segment Analysis: North America (U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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